SKF completes acquisition of John Sample Group
Gothenburg, 31 October 2024: SKF has completed the previously announced acquisition of John Sample Group’s (JSG) Lubrication and Flow Management businesses. JSG is a well-established lubrication system and full-service solutions provider founded in 1921.
“We’re glad to welcome our new colleagues from JSG to SKF. This acquisition strengthens our regional capabilities in South-East-Asia and Oceania, with a particular focus on customers in engineered solutions, heavy industries and mobile equipment,” says Philipp Herlein, Managing Director, SKF Lubrication Management.
JSG had approximately SEK 550 million of net sales in their latest fiscal year and 85 employees, with operations in Australia, New Zealand, Indonesia and Singapore. The company will be integrated into SKF’s existing lubrication management business.
Aktiebolaget SKF
(publ)
Previous press release:
14 August 2024: “SKF makes strategic acquisition to strengthen its lubrication management capabilities” [link]
For further information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com
INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relations
tel: 46 31-337 8072; mobile: 46 705-908 072; e-mail: sophie.arnius@skf.com
SKF is a world-leading provider of innovative solutions that help industries become more competitive and sustainable. By making products lighter, more efficient, longer lasting, and repairable, we help our customers improve their rotating equipment performance and reduce their environmental impact. Our offering around the rotating shaft includes bearings, seals, lubrication management, condition monitoring, and services. Founded in 1907, SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2023 were SEK 103,881 million and the number of employees was 40,396. www.skf.com
® SKF is a registered trademark of the SKF Group.
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